US bank earnings: JPMorgan, Wells Fargo and Citi show consumers remain resilient despite high rates
US consumers and businesses are holding up despite high interest rates. Third-quarter results from JPMorgan Chase, Wells Fargo and Citigroup showed that the US economy remained resilient even as borrowing costs stayed high. Spending and lending continued to grow compared with the same period last year, while loan losses remained largely under control. JPMorgan, Wells … Read more